Metallus Inc reports results for the quarter ended in June - Earnings Summary

Metallus

09/08/2024 10:49

* Metallus Inc  MTUS.N  reported quarterly adjusted earnings
of 15
cents​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of 60
cents.  The mean expectation of two analysts for the quarter was
for earnings of 33 cents per share. Wall Street expected
results to range from 27 cents to 39 cents per share.
    * Revenue fell 17.4% to $294.70 million from a year ago;
analysts
expected $315.10 million. 
    * Metallus Inc's reported EPS for the quarter was 10 cents​.
    * The company reported quarterly net income of $4.6 million.
    * Metallus Inc shares had fallen by 3.4% this quarter and
lost 16.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 31.2%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the iron & steel
peer
group is also "hold"

Wall Street's median 12-month price target for Metallus Inc is
$26.00 
This summary was machine generated from LSEG data August 9 at
09:48 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.33           0.15           Missed
 Mar. 31 2024      0.37           0.56           Beat
 Dec. 31 2023      0.27           0.36           Beat
 Sep. 30 2023      0.53           0.52           Missed